Congolese authorities have seized 31 kg of gold, worth around $1.9 million, in the Okapi Wildlife Reserve in the country's northeast, in a rare loss for smugglers who fraudulently bring tonnes of Congolese gold into the global market each year.Read full newsRead More
Marvel Discovery Corp. ; is please to announce it has acquired aRead full newsRead More
Canada's main stock index futures rose on Thursday supported by higher bullion prices. A survey showing domestic exporter confidence has hit its best level in more than 20 years came after gold prices continue to face under pressure of a downward correction. Although the yellow metal still hasn’t settled above the psychological resistance of $1,800 an ounce again, the current support levels...Read More
Teck Resources (TSX:TECK.B)(NYSE:TECK) already saw its stock price triple off the 2020 lows and more big gains could be on the way for Canada’s largest diversified mining company.Coal, copper, and zinc outlookTeck Resources produces steelmaking coal, copper, and zinc. It is also part owner of the Fort Hills oil sands facility.A trade dispute between China and Australia is helping Teck Resour...Read More
Dear Outsider,On May 17, 1792, 24 stockbrokers and merchants gathered under a buttonwood tree outside 68 Wall Street to sign the Buttonwood Agreement, a document that would set the foundation for the New York Stock Exchange as we know it today.Revered as one of the most influential financial documents in history, the Buttonwood Agreement sought to stabilize the securities market after the Panic of...Read More
The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 million rubles ($2.2...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and...Read More
Aluminium stock levels on the London Metal Exchange have been steadily declining in 2021 to date and on-warrant stock levels now sit at their lowest since March 2020. After a number of cancellations and deliveries out this week, only 941,875 tonnes of aluminium are listed as on warrant - with the rest canceled and booked for delivery out. By comparison, on-warrant stocks were at well over 1.3 mill...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and...Read More
The diamond producer will raise $22 million from a bought deal and $16 million via a private placement, both at C75c, an 10% discount to the company's closing share price on Thursday.Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Fleur Ritzema, Cristina Belda...Read More
Spot copper concentrate processing charges have surged to a four month-high for the week ending Friday June 25. Fastmarkets' copper concentrate treatment charge and refining charge (TC/RC) index is now at its highest since February 12. The spot index continued to rise this week after smelters...Read More
Adam HamiltonArchives Jun 25, 2021 Gold was just hammered lower after the latest FOMC decision. Heavy gold-futures selling erupted after a third of top Fed officials implied they saw a couple potential rate hikes way out into year-end 2023. While leveraged gold-futures speculators panicked, gold investors ignored these faint tidings of slight tightening way off in the distant future. Their resolve...Read More
Key data from Fastmarkets' pricing sessions in China, the United States and Europe on Friday June 25. United States Trading activity increased for the manganese alloy markets. Strength in the overseas markets and low stock levels in the US continue to support price strength. Market participants expect prices to continue to trend upward given the current supply situation and the cost...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Fleur Ritzema, Cristina Belda...Read More
The Turkish steel mills remained mostly quiet in the deep-sea scrap import markets over the week ended Friday June 25, due to limited rebar export sales, while demand from Asia was supporting exporters on the US West Coast.Turkish mills ended the working week with a single cargo dealUS West Coast scrap export market strengthened with sales to BangladeshVietnamese buyers seek cargoes from US, Austr...Read More
European Metal Recycling (EMR) will commit to a net zero carbon emissions target across all three emission scopes, the company said on June 24.EMR aims to be carbon neutral by 2040 across scopes 1, 2 and 3 of relevant greenhouse gas emissions, and to provide its customers with traceability of its materials across the supply chain.EMR's goal is to reach net zero for indirect emissions created by th...Read More
Prices for shredded steel scrap imported into India and Pakistan have moved down over the past week on poor demand, sources told Fastmarkets on Friday June 25.Fastmarkets' calculation of the steel scrap shredded, index, import, cfr Nhava Sheva, India, was $524.57 per tonne on June 25, down from $531.17 per tonne on June 22 and $533.93 per tonne on June 18.Deal levels this week ranged widely, from...Read More
Jun 24, 2021 Guest(s): Saifedean Ammous Author, The Bitcoin Standard Bitcoin took a beating on Tuesday, extending losses all the way down to $29,300, a level not seen since January, before climbing back, ending the day at $32,000.The main concern that spooked Bitcoin investors was news that China is tightening its grip on crypto transactions and mining, shutting down 90% of the country's mining...Read More